Market Research Report
Europe Forklift Truck Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||664789|
|Published||Content info||108 Pages
Delivery time: 2-3 business days
|Europe Forklift Truck Market Forecast 2020-2028|
|Published: March 12, 2019||Content info: 108 Pages||
The Europe forklift truck market is expected to showcase growth at a CAGR of 2.30% during the projected period. The favorable government regulations in the region have benefited the construction and manufacturing sectors, which, in turn, will augment the growth of the forklift truck market in the region.
The European forklift truck market is segregated into the market regions of Italy, Germany, the United Kingdom, France, Poland, Belgium, Russia, and the rest of Europe. The European region encompasses the headquarters of a large number of automated material handling equipment companies in the global market. The countries of the UK, France, and Germany, are the leading market regions, with respect to automated material handling equipment in Europe. In regions like the United Kingdom, the government investments for seaport infrastructure enhancement and the developing e-commerce industry, are the main factors propelling market growth. The forklift trucks are utilized to ensure an efficient logistic supply in seaports, and thus has an impact on the market of the UK region. The surging e-commerce industry in the United Kingdom is set to result in huge market growth opportunities. Also, there have been increasing demands for warehouses in the UK, which is further estimated to increase the demands for forklift trucks in the region.
Some of the renowned companies in the region are, Jungheinrich Ag, Hyster-Yale Materials Handling, Inc., Lonking Holdings Limited, Ep Equipment Co. Ltd., Hyundai Heavy Industries Co., Ltd., Komatsu Ltd., Godrej & Boyce Manufacturing Company Limited, etc.